Chattel paper

chattel paper Chattel definition: chattel paper a writing or writings that evidence a monetary obligation as well as a security interest in or a lease of specific goods. chattel paper Chattel definition: chattel paper a writing or writings that evidence a monetary obligation as well as a security interest in or a lease of specific goods. chattel paper Chattel definition: chattel paper a writing or writings that evidence a monetary obligation as well as a security interest in or a lease of specific goods. chattel paper Chattel definition: chattel paper a writing or writings that evidence a monetary obligation as well as a security interest in or a lease of specific goods.

407 electronic chattel paper: invitation accepted jane k winn abstract: in 1999, revised ucc article 9 governing secured lending was updated to permit the. Lease chattel paper of the leasing industry, 1i has provoked debate over whether the distinc-tion should be eliminated and unitary treatment accorded all leases'2. (a) general rule: control of electronic chattel paper a secured party has control of electronic chattel paper if a system employed for evidencing the transfer of. Definition of chattel in the financial dictionary - by free online english dictionary and encyclopedia what is chattel meaning of chattel as a finance term what. Chicago-kent law review volume 74 issue 3symposium on revised ucc article 9 article 8 june 1999 electronic chattel paper under revised article 9: updating the concept.

Chattel paper means a record or records that evidence both a monetary obligation and a security interest in specific goods, a security interest in specific goods. A chattel paper is a document with information about a monetary obligation along with the specifics of a security interest that. Pursuant to the uniform commercial code, electronic chattel paper means chattel paper evidenced by a record or records consisting of information stored in an.

Rights to payment almost all the major rights to payment: chattel paper: a (1) security interest in property or a lease of property and (2) a monetary obligation. Using first principles of ucc article 9 to solve statutory puzzles in receivables financing chattel paper as a statutory puzzles in receivables financing. Equipment lease and finance is often viewed, fairly or not, as an “older” industry that moves a little slower and is hesitant to adopt new trends.

A chattel paper is a document containing information about a financial obligation pertaining to a security interest held by a creditor. Electronic chattel paper: invitation accepted chattel paper is defined by ucc article 9 as a record that evidences both a monetary obligation and a security.

  • In a simple example of a setting in which a chattel paper might be used, an equipment rental company could rent equipment to a business, and retain a.
  • Published: 11/17/2009 by jonathan fleisher, jen hansen this newsletter has been published in the national banking law review (nblr), june 2010, volume 29, no 3.
  • Special consideration for perfection opinions covering electronic chattel paper as collateral out of stock.

Definitions of english legal concepts that are clear and easy to understand, written at an intermediate level and designed especially for non-native speakers of english. Define chattel chattel synonyms, chattel pronunciation, chattel translation, english dictionary definition of chattel n 1 law an article of movable personal property. Ken weinberg dissects the super-priority rule in relation to possessors and filers of chattel paper, examining the requirements of new value and possession.